Don't fall prey to bogus prize money offers, warns RBI

The Reserve Bank has warned the public to not fall prey to fictitious offers of large prize money through e-mails, letters and other electronic modes of communications on payment of service charges.

"Such offers (of large prize money from abroad) are fraudulent and...the public should immediately register a complaint with the local police/cyber crime authorities when they receive such offers or become a victim of any such fraud", the central bank said in a release.

The RBI's advisory comes soon after the Finance Ministry issued a similar public notice cautioning the public against such bogus offers of huge prize money.